Huge Tax Savings

If you buy new equipment from Grizzly in 2022, you may be able to deduct the full purchase price from your gross income. But hurry! Big changes are coming in 2023.

Watch this video from Grizzly CFO Crystal Greer now!

To help you take full advantage of this deduction before the change, we’ve implemented new, lower “back to business” pricing for 100’s of our industrial products.

We're also offering FREE FREIGHT thru 9/29 on a number of our industrial machines for futher savings! See which machines qualify.

Limits and Savings

2022 Deduction Limit = $1.08 Million

This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2022, the equipment must be financed/purchased and put into service between January 1, 2022 and the end of the day on December 31, 2022.

2022 Spending Cap on equipment purchases = $2.7 Million

This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true "small business tax incentive" (because larger businesses that spend more than $3.78 million on equipment won't get the deduction.)

Section 179 can change each year without notice (Section 179 has even changed mid-year), so it benefits you to take advantage of this generous tax code while it's available. Section 179 offers small businesses a great opportunity to maximize purchasing power. In addition, the recent Stimulus Acts have provided the small business owner with generous new (and higher) deduction limits in certain years. Most of the equipment your business will purchase, finance, or lease qualifies for the deduction (see Section 179 FAQ, linked below), so make sure you do your homework to verify that your company is leveraging the Section 179 Deduction this year.

Remember!

You must receive your new equipment before the end of this year to quality for the Tax Deduction. Order now to assure delivery in 2022.